Hooch ®
Buying a Paid For House With Liens and Not Paying Them
I've got a question for those here who have a good handle on real estate law and a second part question on insurance ramifications.
I'm a landlord with a number of properties that I have historically bought by payin...
Adam Walter
Trustee is trying to void my mortgage in Bankruptcy court
I have an interesting situation and trying to figure out the best solution. I sold one of my rentals to my tenant with a seller backed mortgage and note (this is in Ohio). The date of the note and mortgage was Octob...
Mohan Deep
Tenant moved out, filed for bankruptcy
My tenant moved out but left a lot of damage to the property. After they moved out, they texted me saying that they filed for Chapter 13 bankruptcy and that I should contact their lawyer. They gave me the lawyer's pho...
Jon K.
I collected every penny of an almost $4700 judgement
When I was first starting out as a landlord and before I really made any effort to educate myself I of course made some mistakes. One was letting a tenant fall three months behind on rent before they ultimately left (...
Ron King
Buying junior liens and becoming the lender
After I buy a junior lien on a residential property facing possible foreclosure from the senior lien holder. How can I control the property from there?
Can I do the deed in lieu with the seller?
or if I...
Debi Love-Ballard
Payoff Student Loan Debt or Use Money for RE Flip?
Hi All! I have approximately 43,000 left to pay on my student loans and have been paying on these for years. I have negotiated with the company and they will accept a 15% discount if I pay off the balance now. I have ...
Chris Seveney
Note Investing No Win Situations
Wanted to share a recent no win situation. Have a borrower in BK and we filed post petition fees for proof of claim and a plan objection (since they originally did not include property in BK). Now the defense counsel ...
Istvan Roman
What strategy you'd recommend - buying undivided common property
Hello everyone, been reading BP and the forums for some time; this is my first post and would really appreciate your opinions & tips. I guess this is more for those who look for some brain exercise as it is a bit ...
Steven Williams
Statute of Limitations Expired on a Second Mortgage in California
Hello BP Family,I'm trying to close on a deal in Fairfield California before the primary mortgage holder forecloses on the property sometime next month. I'm able to offer about $25k more than the payoff from the prima...
Brian Bufalini
For BRRRR, how is credit age affected with repeat refi's...
Just finishing up David Greene's excellent book on BRRRR, and the whole idea is to refinance after the rehab when your appraisal will be a lot higher (and hopefully you can pull out all of your cash or more). However...